Ricardo Anzaldua, Everest group Ltd EVP and general counsel has announced his intention to retire. An executive search is under way by the company to identify a successor.

In the interim, Mr Anzaldua will continue as general counsel to assist in a seamless transition.

Everest president and CEO Jim Williamson said: “On behalf of the board of directors and Everest’s leadership team, I want to express my sincere gratitude to Ricardo for his exceptional support and leadership. His expertise across the regulatory, governance and legal landscape has been instrumental in Everest’s growth and transformation.

“I look forward to our continued partnership through this transition as we remain focused on creating value for our stakeholders.”

Capping a distinguished three-decade career, Mr Anzaldua is also a member of Everest’s executive leadership team.

The company said that since joining Everest in June 2023, he has played a pivotal role guiding the insurance and reinsurance company through multiple corporate transactions and milestones, including the global growth and expansion of its international business.

The company said Everest is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions.

Mr Anzaldua commented: “It has been a privilege to serve as Everest’s general counsel, advancing the company’s strategic objectives alongside this talented team of professionals.

“I am proud of our many achievements and look forward to collaborating through this transition with full confidence in Everest’s continued future success.”